Facebook takes another big bite of downtown Austin with major lease

Facebook Inc. is reportedly poised to massively expand its presence in downtown Austin, with another office inside of a gleaming skyscraper.

The social media behemoth plans to lease more than 230,000 square feet inside Third+Shoal, the 29-story tower being built at 208 Nueces St., the Austin American-Statesman reports.

That’s in addition to its 120,000 square feet inside the nearby tower known as 300 West Sixth, which it renovated at significant cost— go here to see a June slideshow of the space. About 700 employees work there. The new space could handle more than 1,000 additional employees, according to the Statesman.